Do I Need Title Insurance if I’m Refinancing?

Happy Twos Day! (See what we did there?) Moving right along… You’d like to know if you need title insurance when you refinance your mortgage. Your lender is staying the same, but they expect you to pay all the same closing costs that were associated with your initial loan… again? Refinancing is, basically, taking out a new mortgage, so your lender is going to want the same assurances as when you first took on the loan to purchase your home. A policy to, again, protect their investment in your home. You’ve already been to this rodeo. However, in the last five years, a lot more than your water heater and refrigerator has changed. You don’t really know if new liens or title defects have come to light. Your lender needs coverage for this new loan, with a lender’s policy you cover at an adjusted refinance loan price and coverage from any badness being levied against your property. It just makes sense to protect your investment at every step of your journey, and at Gables Title Group we have every tool ready to get your title worked out and fully secure your investment at a reduced refinancing premium.